Bankefex is a branch of Direct Prime Ltd., headquartered in Comoros. Besides, the brokerage activity is regulated by the Mwali Authority (MISA). It is worth noting that the company shows three “Best Broker” awards for 2021-2022. However, the project’s owner does not disclose its history or date of creation. As for the domain, it was registered in June 2023.
Is it safe to trade assets on this platform? We will study the company’s capabilities and conclude its reliability.
Bankefex offers a web platform that does not require downloading and installation. The broker provides access to the terminal functions from any device. You can simultaneously use up to 100 charts, 21 different timeframes, and more than 1,500 instruments.
IMPORTANT: Bankefex can close any trading operations in case your balance becomes below 100 USD. You are required to pay an additional fee if your account has been inactive for 90 days.
Bankefex has developed 7 types of trading plans, where each successive level contains all the services of the previous one. You can choose the appropriate plan from the following offers:
- REGISTRATION, from $250 – Secure Ordering, Educational Tools, Educational Session with a Mentor, Leverage 1:200.
- BEGINNERS from $2,500 – Full Training, Dedicated Mentor, Advanced Platform Tools.
- INTERMEDIATE from $20,000 – Commodities Special Training, Advanced Strategies, Islamic Accounts.
- ADVANCED from $50,000 – Market Highlights, Currencies Special Training.
- PROFESSIONAL from $100,000 – Private Strategy, Extra Market Events.
- PREMIUM from $500,000 – Indices Special Training, Premium Market Events.
- VIP Club from $1,000,000 – Exclusive Features.
The Islamic account includes certain restrictions, such as holding positions for over 5 business days. When you trade with Bankefex, you are responsible for your compliance requirements by Islamic law.
Withdrawal requests are processed within five business days. Bankefex offers customers Financial News, Economic Calendar, and Live Chat. Social media symbols FB, Twitter, and YouTube are available on the site but are inactive.
Would investing in Bankefex offer the best returns?
Cooperation with this broker can lead you to serious financial losses. Instead, if you engage in trading on a little-known platform with high leverage and risky CFD terms, you will not gain any profit but only a negative outcome.
Does Bankefex carry out withdrawals?
We analyzed the trading conditions and saw that this company can refuse to withdraw your funds without explaining the reason. Traders share their negative experiences online and describe such practices of the broker. Please share your comments.
May I be scammed on bankefex.com?
The risk of fraud is very high on this platform, as the broker provides inconsistent data about its tenure. The awards listed on the company's website for 2021 cannot be valid, as a new domain has been established for 2023. Furthermore, the lack of a financial license and demo account, combined with a subpar interface, creates a disadvantageous situation.
What's the best way to share my experience with Bankefex?
Fill out the form and we'll make sure your voice is heard.
How can I tell if this is a fraudulent company?
Do your own research and never believe those who promise you easy money.